Hello. We are having issues with inventory cost due to inventory adjustments made with an Est. Unit Cost of $0.00.
The inventory adjustment was made with the correct quantity but no cost. Since it is in an open period, I adjusted the Est. Unit Cost on the Inventory Adjustment to the correct the average costs. The Average Cost (averagecost) on the Item record mainline is corrected; however, the Average cost of the Location is not adjusting. Any thoughts on this?
Quantity= 85
Value=191.25
191.25/85=2.25 (which is now the Average Cost (averagecost) on the Item record mainline)
Average Cost on the Location line still shows (2.11)